Establishment of a Joint Holding Company and Integration of Sealing Solutions through Management Integration with NOK Corporation
First written in FY2026-H1. 6 of 9 entries say "Advanced", first in 2026-05-13. Latest entry: FY2026.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「On 21 May 2026, the two companies entered into a memorandum of understanding regarding amendments to the attachment to the business integration agreement, namely, the articles of incorporation of the joint holding company.」
Regarding the establishment of NOK Group株式会社 through a joint share transfer with NOK CORPORATION, the two companies entered into a memorandum of understanding amending the articles of incorporation of the joint holding company in preparation for the business integration scheduled for 1 October 2026. Following the integration, they plan to promote the provision of sealing solutions, including mechanical seals and oil seals; the mutual use of their customer bases, technologies and locations; efficiency improvements; and a strategic approach to business investment. - FY2026-H1First statedAnnual report
「At a meeting of its Board of Directors held on 10 November 2025, the Company resolved to agree with NOK CORPORATION (hereinafter, "NOK," and together with the Company, the "two companies") to establish "NOK Group株式会社" as the wholly owning parent company of both companies through a joint share transfer, effective 1 October 2026 (予定) (hereinafter, the "Effective Date"), to resolve to enter into a business integration agreement, and to jointly prepare a share transfer plan for this share transfer.」
The Company agreed with NOK CORPORATION to establish NOK Group株式会社 through a joint share transfer scheduled for 1 October 2026 and transition to a holding company structure. The share transfer ratio is 1.00 for both companies, and 1 share of the joint holding company is scheduled to be allotted for each common share of the Company. The stated objectives of the integration include providing sealing solutions, including mechanical seals and oil seals; leveraging the two companies' customer bases, materials technologies and global locations; improving efficiency in logistics, sales, production and indirect functions; and developing a strategic approach to business investment, including M&A, and cash flow allocation.